WASHINGTON — The Federal Deposit Insurance Corp. voted Tuesday to release a proposal that would require banks to prepay three years' worth of premiums, giving it an additional $45 billion to deal with rising bank failures.

The plan would avoid charging another special assessment on institutions or borrowing from the Treasury Department — although the agency is planning to seek comment on both options.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.